An economist estimates that with every 20 percent increase in income, the quantity of grapes purchased rises by 11.2 percent. From this information one would conclude that grapes are:

A. a normal good.
B. not demanded.
C. a luxury.
D. an inferior good.


Answer: A

Economics

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If a graph has a line that shows the amount of outsourcing in the last ten years, it is known as

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Economics